Disclosure, I own shares of FNMA and recently initiated a position in it. I believe that shares are undervalued here. With Bill Ackman owning shares, in addition to the lawsuits investors are fighting, I think the company is in a position here to continue with profits. I do not believe that the Obama administration will succeed in its attempts to do away with Fannie and Freddie. Fannie Mae is a solid stock with profits and I believe that over the next 12-24 months, the share price could double at least.
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